Question

Why is globalisation necessary? Write in brief.

Hint:

Globalisation drives growth and interdependence among nations.

Answer 1

Globalisation fosters economic growth, technological advancements, cultural exchange, and international trade. It enables better access to goods, investment opportunities, and services, leading to higher productivity and efficiency. By integrating markets, it helps developing countries benefit from foreign investments, job creation, and knowledge transfer. However, challenges like income inequality, job displacement, and environmental degradation must be managed. Governments must ensure that globalisation is inclusive, sustainable, and beneficial for all sections of society.